Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Hormel Foods Corporation (NYSE: HRL) hit a new 52-week high Wednesday as it is currently trading at $38.84, above its previous 52-week high of $38.71 with 140,439 shares traded as of 10:50 a.m. ET. Average volume has been 944,600 shares over the past 30 days. Hormel has a market cap of $10.21 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 23.6% year to date as of the close of trading on Tuesday. Hormel Foods Corporation engages in the production and marketing of various meat and food products. Its meat products include fresh, frozen, cured, smoked, cooked, and canned meat. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Hormel as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hormel Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.